The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.
Cult menswear label L’Estrange has opened a permanent store in London’s Seven Dials at number 19 Earlham Street. The opening follows a stint in nearby Neal Street, in a pop-up that opened in November 2019.
Making retail an experience to remember is one way to attract consumers. So London’s Covent Garden welcomes the first Experimental Perfume Club (EPC) offering an "educational and experiential" approach to perfumery.
The pandemic has forced luxury goods companies to use social media, video and virtual showrooms to woo their wealthy customers in Europe when tourists, especially from China, have been absent for more than a year.
The fashion subscription service has announced that Lake will be transitioning from her role as CEO to that of executive chairperson of the board. She will be succeeded at the helm of the business by Elizabeth Spaulding.
Bain & Company has teamed up with Positive Luxury to offer a vision of sustainable luxury for 2030, highlighting five key areas of focus for brands hoping to implement sustainability strategies over the next 10 years.